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WTI Crude Oil Trading

  • #2,561
  • Jul 15, 2019 4:19am Jul 15, 2019 4:19am
Got long at 60.03 H1 #WTI
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oil1.png Size: 70 KB
Click to Enlarge Name: oil.png Size: 57 KB
Everything you want in life is on the other side of fear.
  • #2,562
  • Jul 15, 2019 4:48am Jul 15, 2019 4:48am
Hi all, hope your good, extended my short today 60.30, Iran looking for diplomacy, may calm thing down including WTI, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,563
  • Jul 15, 2019 5:12am Jul 15, 2019 5:12am
Quoting detector
Hi all, hope your good, extended my short today 60.30, Iran looking for diplomacy, may calm thing down including WTI, D
Out, not ready just yet D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,564
  • Jul 15, 2019 5:33am Jul 15, 2019 5:33am
Quoting detector
{quote} Out, not ready just yet D
Try again, last time
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,565
  • Jul 15, 2019 6:02am Jul 15, 2019 6:02am
WTI: RECOVERY FROM CHINA DATA-LED DIP EXTENDS BEYOND $ 60 MARK
15 July 2019, 13:11

 

  1. Risk-on wave grips Europe, aids WTI recovery from weak China GDP-led drop.
  2. Gains remain capped as US refineries remain operational despite Storm Bary.
  3. Easing Iranian geopolitical tensions and USD uptick to keep recoveries in check.

WTI (futures on Nymex) is seen enjoying good two-way price movements so far this Monday, having dipped to 59.85 on sluggish Chinese growth numbers in the Asian trades.

The bulls managed to fight back control in the European session amid a renewed risk-on wave, as reflected by higher Treasury yields and US equity futures. Further, the European equity markets are recovering the early losses.
However, the latest reports hinting towards easing geopolitical tensions surrounding the Iranian nuclear commitments and a broad-based US dollar recovery raise doubts on the strength of the latest oil-price recovery.

A spokesman for the Atomic Energy Organization of Iran noted that Tehran is reducing its commitments to the Joint Comprehensive Plan of Action (JCPOA) in order to launch a diplomatic mechanism to save the nuclear deal.
Moreover, the further upside could remain capped amid no immediate supply risks, as the US refineries, in the face of Tropical Storm Barry, continued to operate despite flood threats. Meanwhile, markets continue to weigh in the slowest expansion in the Chinese economy over the last 27 years and its impact on the crude oil demand.
Focus now shifts towards the US weekly crude supply reports and fresh trade/ geopolitical developments for the next direction on the prices.

persistence and determination alone are omnipotent
  • #2,566
  • Jul 15, 2019 6:07am Jul 15, 2019 6:07am
Quoting Ll1979
WTI: RECOVERY FROM CHINA DATA-LED DIP EXTENDS BEYOND $ 60 MARK 15 July 2019, 13:11 Risk-on wave grips Europe, aids WTI recovery from weak China GDP-led drop. Gains remain capped as US refineries remain operational despite Storm Bary. Easing Iranian geopolitical tensions and USD uptick to keep recoveries in check. WTI (futures on Nymex) is seen enjoying good two-way price movements so far this Monday, having dipped to 59.85 on sluggish Chinese growth numbers in the Asian trades. The bulls managed to fight back control in the European session amid...
I could well be on the wrong side Li,when the news dries up there will be no driving force for oil, can only see it going one way, just my opinion, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,567
  • Jul 15, 2019 6:13am Jul 15, 2019 6:13am
Quoting detector
{quote} I could well be on the wrong side Li,when the news dries up there will be no driving force for oil, can only see it going one way, just my opinion, D
Already burned my fingers last friday. Waiting for WTI to pick a clear direction on a higher timeframe. My general view is short but the api and eia inventory numbers were realy good so use the upcoming news as an advantage.
persistence and determination alone are omnipotent
  • #2,568
  • Jul 15, 2019 8:15am Jul 15, 2019 8:15am
Quoting MoneyMeyka
Got long at 60.03 H1 #WTI {image} {image}
Looking like a good long. Keep your stops moving!
  • #2,569
  • Jul 15, 2019 8:16am Jul 15, 2019 8:16am
The viscosity of oil allows it to be dragged along with equities as they continue their surge into nose-bleed altitudes. Amazing performance in equities as the sheep, the lemmings, and the stupid push us ever closer to Catastropia, the time and place where it all ends.

WTI H4 bounced off of EMA20 again, this time at ~59.9. Supply worries can perhaps explain its surge. Must be the same for equities: supply worries, a shortage of equities. We need more equities to stave off catastrophe!
  • #2,570
  • Jul 15, 2019 8:18am Jul 15, 2019 8:18am
Quoting detector
{quote} Try again, last time
Momentum is upward for now.
  • #2,571
  • Jul 15, 2019 8:59am Jul 15, 2019 8:59am
Quoting timingchain
The viscosity of oil allows it to be dragged along with equities as they continue their surge into nose-bleed altitudes. Amazing performance in equities as the sheep, the lemmings, and the stupid push us ever closer to Catastropia, the time and place where it all ends. WTI H4 bounced off of EMA20 again, this time at ~59.9. Supply worries can perhaps explain its surge. Must be the same for equities: supply worries, a shortage of equities. We need more equities to stave off catastrophe!
Sorry TC, this was the post I was referring to,me bad
I had the 60.67 as a top TC, realising there was no pressure down closed at BE and got in higher, missed the top though, got back in 60.47, your spot on with your analogy, gravity winsD
EDIT
Sitting with a few sheckles
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,572
  • Jul 15, 2019 9:01am Jul 15, 2019 9:01am
Sorry guys, making a right hash of my posts today, was a heavy night of last, still suffering,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,573
  • Jul 15, 2019 9:07am Jul 15, 2019 9:07am
Quoting timingchain
{quote} Looking like a good long. Keep your stops moving!
Thanks. Just got taken out for 2.5:1 after trailing a profit stop.
Attached Image (click to enlarge)
Click to Enlarge Name: WtiOil.png Size: 46 KB
Everything you want in life is on the other side of fear.
  • #2,574
  • Jul 15, 2019 9:17am Jul 15, 2019 9:17am
Dear Friend

I have studied Tech and Fundamentals

Tried to develope method for intraday.


Wrt to today high will be 60.78 61.28

And low will be 59.78 59.28

Sanjay21
  • #2,575
  • Jul 15, 2019 9:55am Jul 15, 2019 9:55am
Trades today

-19
-7
+24
+12

I don't think we are finished with 60.47 but volume looking a bit neg atm.
All charts/ideas based on UK time zone
  • #2,576
  • Jul 15, 2019 9:56am Jul 15, 2019 9:56am
Hey all,

I jumped long here at 60.28 looking at price action and the 3 bar play on the daily could be a good r.r
I am but a small fish in a large pond
  • #2,577
  • Jul 15, 2019 10:07am Jul 15, 2019 10:07am
Quoting DCstar84
Hey all, I jumped long here at 60.28 looking at price action and the 3 bar play on the daily could be a good r.r
Where's your stop?
Everything you want in life is on the other side of fear.
  • #2,578
  • Jul 15, 2019 10:07am Jul 15, 2019 10:07am
Quoting sponge
Trades today -19 -7 +24 +12 I don't think we are finished with 60.47 but volume looking a bit neg atm.
Well done sponge, I'm looking at the 4hr for direction, if it re-creates the previous setup on the chart I'm in short, the expectation could be to bounce off the rising supp line or best case shoot through, D
EDIT
All speculative of course
Attached Image (click to enlarge)
Click to Enlarge Name: oiler4hr.png Size: 37 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,579
  • Jul 15, 2019 10:25am Jul 15, 2019 10:25am
Quoting MoneyMeyka
{quote} Where's your stop?
Stop set at 59.75
I am but a small fish in a large pond
  • #2,580
  • Jul 15, 2019 10:28am Jul 15, 2019 10:28am
Quoting detector
{quote} Well done sponge, I'm looking at the 4hr for direction, if it re-creates the previous setup on the chart I'm in short, the expectation could be to bounce off the rising supp line or best case shoot through, D EDIT All speculative of course {image}
I think volume is still neg, we have a possible symmetry move target 59.50 area , time will tell


Good luck D
All charts/ideas based on UK time zone
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